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President Biden laid out vast and expensive ambitions in his 2024 budget Thursday from shoring up Medicare and boosting spending across the federal government to reducing the deficit by nearly $3 ...
The White House released a statement in March 2024 that President Joe Biden proposed a 25% minimum tax on the unrealized gains of people who own $100 million or more in assets. Were this to ...
A back-and-forth between Joe Biden and Donald Trump Monday showed how Social Security is likely to be a front-burner issue in the 2024 campaign. Biden calls for tax hikes to shore up Social ...
Biden's budget for the 2025 fiscal year that starts in October includes raising the corporate income tax rate to 28 from 21%, hiking rates on people making over $400,000, forcing those with wealth ...
The economic policy of the Joe Biden administration, colloquially known as Bidenomics (a portmanteau of Biden and economics), is characterized by relief measures and vaccination efforts to address the COVID-19 pandemic, investments in infrastructure, and strengthening the social safety net, funded by tax increases on higher-income individuals and corporations.
Biden's 188-page plan covers a decade's worth of spending, taxes and debt. Parents could get an increased child tax credit in 2025, as payments would return briefly to the 2021 level funded by ...
Harris called for a 28% capital-gains tax rate for Americans who earn at least $1 million, lower than Biden's proposed 39.6% top rate on capital gains − the profits an investor makes from ...
Biden's proposed tax for the 2024 fiscal year sees an increase in tax rates for corporate, individual and capital gains income, which can result in negative returns thanks to inflation.